SlateStone Wealth LLC Has $1.31 Million Holdings in Republic Services, Inc. (NYSE:RSG)

SlateStone Wealth LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 44.2% during the 4th quarter, Holdings Channel reports. The fund owned 6,525 shares of the business services provider’s stock after acquiring an additional 2,000 shares during the quarter. SlateStone Wealth LLC’s holdings in Republic Services were worth $1,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. GWN Securities Inc. acquired a new position in shares of Republic Services in the 4th quarter worth approximately $993,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Republic Services by 3.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 62,190 shares of the business services provider’s stock worth $12,511,000 after acquiring an additional 2,350 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Republic Services in the 4th quarter worth approximately $80,000. Choate Investment Advisors lifted its holdings in Republic Services by 8.6% during the 4th quarter. Choate Investment Advisors now owns 3,150 shares of the business services provider’s stock worth $634,000 after buying an additional 250 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Republic Services by 6.9% during the 4th quarter. Natixis Advisors LLC now owns 141,764 shares of the business services provider’s stock worth $28,520,000 after buying an additional 9,124 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on RSG. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. UBS Group upped their price objective on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Finally, Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Price Performance

RSG opened at $232.08 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $240.95. The company has a fifty day simple moving average of $221.95 and a 200 day simple moving average of $211.74. The stock has a market cap of $72.48 billion, a P/E ratio of 35.76, a P/E/G ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company earned $1.41 EPS. On average, research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.